Amazon (AMZN) Chief Executive Jeff Bezos can best be described as a “throw it against the wall and see what sticks” sort of guy. And so far, that strategy has paid off quite well for Bezos … and for AMZN stock holders.
Take the Amazon Kindle, for example. The e-reader was introduced in 2007 and became an immediate hit, selling out and in some cases remaining out-of-stock for months. On top of that, the Amazon Kindle has changed the way the world reads — much the same way that AMZN in general has changed the way a lot of it shops.
But don’t think Amazon is satisfied. Instead, AMZN and Bezos are always thinking ahead … and thinking big. Heck, Bezos doesn’t concern himself with small details such as profits. Instead, he is perfectly content burning through Amazon’s revenues if it means investing in what could be next game-changing idea.
And AMZN stock holders seem perfectly content with that approach, too. So far in 2013, shares of Amazon stock have soared over 54%.
With another hot year almost in the books, let’s take a look back at what Amazon plans stole headlines in 2013 … and kept investors excited about the prospects for AMZN stock: